PETALING JAYA: 1Malaysia Development Bhd (1MDB)’s proposed listing of its power assets is likely to be pushed to 2017, forcing the fund to restructure the debts that are tied to the power assets it bought two years ago, sources said.
Looming on the horizon is a syndicated term loan amounting to RM6.17bil that it had taken up to acquire the power generation assets from tycoon T Ananda Krishnan-linked Tanjong group. The other is a bridging loan of RM607mil to purchase Genting’s group power generation plant that is payable on a semi-annual basis over 42 months.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
